Investors can be optimistic on China in spite of its weak economy because the country's authorities are likely to step in with positive policies, says Ronald Wan of Partners Financial Holdings. » Read More

Banks are making plans to move out of the U.K. in light of Brexit. Kenneth Leon of CFRA says the geographic location of bank offices is not as sensitive as it would be for "regular trade and commerce."

Tom Brown, CEO of Second Crude Capital, and Richard Kovacevich, former chairman and CEO of Wells Fargo, discuss what movements they predict will happen in the bank sector ahead of earnings next week with CNBC's "Closing Bell" team.

Financials were on the rise Monday after Citigroup kicked off earnings season. According to one top technician there's something in the charts suggesting the gains may be a head fake as a number of other big bank names also gear up to report.